Citi
Director, Fraud Detection and Prevention Lead
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Director, Fraud Detection and Prevention Lead
role at
Citi The Spread Products Financing & Securitization (F&S) business provides sophisticated financing solutions and securitization expertise across various asset classes. We operate in a complex, fast-paced environment, requiring robust risk management and control frameworks. Position Summary: We are seeking a highly experienced and strategic Director to lead the development and implementation of a comprehensive fraud detection and prevention program within the F&S business. This role will be instrumental in safeguarding the firm's assets, mitigating financial crime risks, and ensuring adherence to regulatory requirements. Key Responsibilities:
Program Leadership: Design, develop, and implement a robust, end-to-end fraud detection and prevention program tailored to the specific risks inherent in F&S. Risk Assessment: Conduct regular and comprehensive fraud risk assessments to identify vulnerabilities, emerging threats, and potential control gaps within business processes, systems, and transactions. Strategy Development: Formulate and execute strategic initiatives to enhance fraud detection capabilities, including the adoption of advanced analytics, machine learning, and other technological solutions. Policy & Procedure Development: Establish and maintain clear, effective policies, procedures, and controls to prevent, detect, and respond to fraudulent activities. Ensure alignment with global financial crime standards and local regulatory requirements. Incident Management: Oversee the investigation of suspected fraudulent activities, working closely with internal security, legal, compliance, and audit teams, as well as external law enforcement when necessary. Stakeholder Engagement: Collaborate extensively with business heads, operations, technology, legal, compliance, and other control functions to embed fraud prevention measures into daily operations and new product development. Regulatory Compliance: Ensure the program complies with all relevant anti-fraud laws, regulations, and industry best practices. Stay abreast of changes in the regulatory landscape and adjust the program accordingly. Reporting & Metrics: Develop key performance indicators (KPIs) and metrics to monitor the effectiveness of the fraud program. Provide regular reporting to senior management and relevant committees on fraud trends, risks, and program performance. Training & Awareness: Develop and deliver training programs to raise awareness of fraud risks and prevention techniques across the business unit. Team Leadership: Potentially lead and mentor a small team or matrix-manage resources dedicated to fraud prevention efforts. Qualifications:
Experience: Minimum of 10+ years of experience in fraud risk management, financial crime, forensic investigations, legal, or a related field within the financial services industry, preferably with exposure to capital markets, financing, or securitization products. Demonstrated experience in designing, implementing, and managing comprehensive fraud prevention programs. Proven experience at a Director level or equivalent leadership role. Education: Bachelor's degree required. Advanced degree (e.g., MBA, JD) or relevant professional certifications (e.g., CFE, ACAMS) highly preferred. Skills & Competencies: Deep understanding of fraud typologies, red flags, and prevention techniques relevant to complex financial products and transactions. Strong knowledge of global financial crime regulations and compliance frameworks (e.g., AML, sanctions, anti-bribery). Excellent analytical and problem-solving skills, with the ability to interpret complex data and identify patterns. Proficiency in leveraging technology for fraud detection (e.g., data analytics tools, fraud monitoring systems). Exceptional communication (written and verbal), interpersonal, and presentation skills, with the ability to influence and collaborate effectively across all levels of the organization. Strong organizational skills with the ability to manage multiple priorities and projects simultaneously. High degree of integrity, ethical conduct, and discretion. Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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Join to apply for the
Director, Fraud Detection and Prevention Lead
role at
Citi The Spread Products Financing & Securitization (F&S) business provides sophisticated financing solutions and securitization expertise across various asset classes. We operate in a complex, fast-paced environment, requiring robust risk management and control frameworks. Position Summary: We are seeking a highly experienced and strategic Director to lead the development and implementation of a comprehensive fraud detection and prevention program within the F&S business. This role will be instrumental in safeguarding the firm's assets, mitigating financial crime risks, and ensuring adherence to regulatory requirements. Key Responsibilities:
Program Leadership: Design, develop, and implement a robust, end-to-end fraud detection and prevention program tailored to the specific risks inherent in F&S. Risk Assessment: Conduct regular and comprehensive fraud risk assessments to identify vulnerabilities, emerging threats, and potential control gaps within business processes, systems, and transactions. Strategy Development: Formulate and execute strategic initiatives to enhance fraud detection capabilities, including the adoption of advanced analytics, machine learning, and other technological solutions. Policy & Procedure Development: Establish and maintain clear, effective policies, procedures, and controls to prevent, detect, and respond to fraudulent activities. Ensure alignment with global financial crime standards and local regulatory requirements. Incident Management: Oversee the investigation of suspected fraudulent activities, working closely with internal security, legal, compliance, and audit teams, as well as external law enforcement when necessary. Stakeholder Engagement: Collaborate extensively with business heads, operations, technology, legal, compliance, and other control functions to embed fraud prevention measures into daily operations and new product development. Regulatory Compliance: Ensure the program complies with all relevant anti-fraud laws, regulations, and industry best practices. Stay abreast of changes in the regulatory landscape and adjust the program accordingly. Reporting & Metrics: Develop key performance indicators (KPIs) and metrics to monitor the effectiveness of the fraud program. Provide regular reporting to senior management and relevant committees on fraud trends, risks, and program performance. Training & Awareness: Develop and deliver training programs to raise awareness of fraud risks and prevention techniques across the business unit. Team Leadership: Potentially lead and mentor a small team or matrix-manage resources dedicated to fraud prevention efforts. Qualifications:
Experience: Minimum of 10+ years of experience in fraud risk management, financial crime, forensic investigations, legal, or a related field within the financial services industry, preferably with exposure to capital markets, financing, or securitization products. Demonstrated experience in designing, implementing, and managing comprehensive fraud prevention programs. Proven experience at a Director level or equivalent leadership role. Education: Bachelor's degree required. Advanced degree (e.g., MBA, JD) or relevant professional certifications (e.g., CFE, ACAMS) highly preferred. Skills & Competencies: Deep understanding of fraud typologies, red flags, and prevention techniques relevant to complex financial products and transactions. Strong knowledge of global financial crime regulations and compliance frameworks (e.g., AML, sanctions, anti-bribery). Excellent analytical and problem-solving skills, with the ability to interpret complex data and identify patterns. Proficiency in leveraging technology for fraud detection (e.g., data analytics tools, fraud monitoring systems). Exceptional communication (written and verbal), interpersonal, and presentation skills, with the ability to influence and collaborate effectively across all levels of the organization. Strong organizational skills with the ability to manage multiple priorities and projects simultaneously. High degree of integrity, ethical conduct, and discretion. Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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